Strategic Elements subsidiary wins govt funding for autonomous robotics project with University of Western Australia
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Special Report: Strategic Elements subsidiary Stealth Technologies has secured about $500,000 in federal government funding for a project with The University of Western Australia to progress the development of a proprietary autonomous robotics platform.
The grant from the Automotive Engineering Graduate program was awarded to its fully-owned subsidiary Stealth Technologies and The University of Western Australia (UWA), which are collaborating on the Electric Drive Systems and Driverless Vehicles project.
Strategic Elements (ASX:SOR) says it is backing development of the robotics platform with a team of international award winning PhD and Masters engineers with deep experience in artificial intelligence (AI), computer vision, autonomous vehicles and robotics for both software and hardware.
The grant funding will support a team of four UWA researchers to collaborate with the company’s experts on commercial development of its technology.
Stealth Technologies retains the right to commercialise any intellectual property arising from the project though all rights, title and interest in any background IP will remain with the party that provided the background IP.
“The AxV Platform under development incorporates autonomous vehicles, robotics and computer vision and we are receiving increased demand as a response to the current global environment,” managing director Charles Murphy said.
“We were particularly attracted to this project as an opportunity to expand our current relationship with UWA Professor Thomas Bräunl, who has previous experience with Driver-Assistance Systems with Daimler and on Electric Vehicle Charging Systems with BMW.”
He told Stockhead that the company was developing the platform to put robotic autonomous vehicles into places where there may be potential risks for having humans involved or where technology could provide better functionality than human eyes.
Professor Bräunl directs the Renewable Energy Vehicle project at UWA, which has converted several road-licensed cars to battery-electric drive.
Murphy added that while Stealth is experiencing growing interest across research sector and commercial parties, its existing agreement with $US100bn conglomerate Honeywell on autonomous robotic security vehicles remains a priority.
Earlier this month, the company confirmed it had reached an agreement with the NYSE-listed company for the development of experimental Autonomous Robotic Security Vehicles (ASVs) for security applications.
“The first product being developed from the AxV platform is already well and truly under development,” Murphy noted.
He added the company was also looking at the potential for its platform to secure critical infrastructure as well as carrying out inspections and maintenance.